Business insurance · Australia · Head-to-head
BizCover (AU) vs Smart Business Insurance
Two Australia business insurance options, compared side by side for Australia trades.
Which should you choose?
BizCover (AU) and Smart Business Insurance are both Tier A, which every business insurance entry without a reputation warning receives, so the tier does not separate them. Weigh the pros, cons, pricing and Australia-specific notes below against your trade and region.
BizCover (AU)
Tier A · ListedOnline business insurance quotes from 13 insurers, covering over 800 trade occupations
BizCover is an online business insurance platform run by BizCover Pty Limited (AFSL 501769), founded in 2008, that lets small businesses compare and buy cover from a panel of 13 insurers including AIG, Chubb, QBE, Vero and Zurich. BizCover says it has insured over 300,000 Australian small businesses and covers over 800 trade occupations. It acts as the insurers' agent under binder agreements and gives general advice only, so it does not advise on your personal circumstances as a broker would.
Pros
- + Compare quotes from 13 insurers in one online form
- + Covers over 800 trade occupations, with $5M or $20M public liability limits
- + Cover in minutes, with policy documents emailed straight away
- + Pay monthly or annually
Cons
- − BizCover acts for the insurer, not for you, and gives general advice only
- − BizCover fee of $20 to $200 plus GST per policy, on top of the premium
- − Paying monthly adds $8 plus GST a month, and card fees apply
- − Commission is kept by BizCover even if the policy is cancelled
Australia note
For tradies BizCover offers public liability at $5M or $20M limits, personal accident and illness, portable equipment, professional indemnity and statutory liability, with policy documents emailed on purchase. It says business insurance for tradies costs $87.50 a month on average, and it adds its own fee of $20 to $200 plus GST per policy.
Smart Business Insurance
Tier A · ListedVictorian insurance broker arranging business insurance for small businesses, including tradies
Smart Business Insurance Pty Ltd is a Victorian insurance broking business whose ABN has been active since January 2013. As a broker it seeks quotes from the insurers it deals with regularly and places cover on the client's behalf, rather than selling one insurer's policy. Its financial services guide lists business packages, public and products liability, construction and plant insurance among the covers it arranges.
Pros
- + Advised broker that seeks quotes from several insurers on the client's behalf
- + Arranges a broad range of business covers, including public and products liability, construction and plant
- + Premium funding can be arranged to pay by instalments
- + In business since at least 2013 (ABN active from January 2013)
Cons
- − No confirmed public prices; premiums are quoted per client
- − Premium funding for instalments charges interest
- − Advice usually covers only the insurers it deals with regularly, not the whole market
- − Not a trades-only broker
Australia note
Smart Business Insurance Pty Ltd (ABN 88 162 162 576) holds authorised representative number 437328 and acts under another firm's Australian financial services licence; ask for its current financial services guide to see which licensee is responsible and how it is paid.
More Australia options
See all Australia business insurance vendors and the rest of the Australia directory.